Stripe's stablecoin rails for platforms get a first bank-partner memo
The payments company is trying to make on-chain settlement look like just another payout method.
Finance Reporter
Credit cards and a laptop during an online payment
SOUTH SAN FRANCISCO, Calif. — The payments company is trying to make on-chain settlement look like just another payout method.
A large U.S. bank has circulated an internal memo on how it would custody and settle Stripe-initiated stablecoin payouts, according to two people who have seen the draft — a necessary bore if the product is going to clear compliance.
Priya Nair
Finance Reporter
Writes on banks, private credit, and the regulatory perimeter around nonbank lenders.
